Coal – Universal Coal plc (ASX:UNV) announced yesterday that production has started at its South Africa-based Kangala coal mine.
Articles Tagged "africa"
Diamond – Reuters reported that next month, the Ivory Coast plans to pressure the United Nations to lift a ban on its diamond exports. The UN Security Council put a trade embargo on the country's diamonds back in 2005 in an effort to stop their sale from "funding arms purchases."
Uranium – Here's a look at past and current uranium mining activity in Mauritania, Gabon and Zambia.
Rare Earth – Mining Weekly reported that Alex Andersson, CEO of Ferminore (Pty) Ltd., said that the completion of the prefeasibility study for the Limpopo-based Glenover rare earth project shows that Glenover Phosphate (Pty) Ltd., the project's operator, has the potential to become a low-cost fertilizer and rare earth oxide producer.
Gold – Reuters reported that Newmont Mining Corp. (NYSE:NEM) intends to cut as many as 600 jobs at its Ghana-based gold mine by this June. Its reasons for doing so include an "ageing facility and slumping gold prices."
Coal – Diamonds are Botswana's top export, but its reserves of the gems will reportedly be depleted by 2029. Coal may end up being the country's saviour.
Gold – In an interview with Mining Weekly, Neal Froneman, CEO of Sibanye Gold Ltd. (NYSE:SBGL), said that illegal gold mining has become such an issue in South Africa that it might be a good idea to let the South African National Defence Force handle it.
Potash – ABC Rural reported that phosphate industry players should keep their eyes on Morocco as it appears that the country's Government will make a move to increase its stake in global phosphate production, which could in turn threaten Australia's supply.
Diamond – Stellar Diamonds plc (LSE:STEL) released an updated corporate presentation that highlights the progress that has been made at the "defined development programmes for its two core projects." Those are the Tongo project and the kimberlite pipe at Baoulé, both of which have near-term production potential.
In keeping with European and global investment and pricing trends, the AIM sank today.